76
14/15
13/14
12/13
1,410,596
2,118,646
1,695,963
14/15
13/14
12/13
11/12
20,771
14/15
18,560
19,721
13/14
12/13
17,251
11/12
14,168
10/11
12,159
10,301
09/10
9,675
Number of pupils
receiving a bursary
Total value of
bursaries awarded
125
76
50
34
£2,935,000
£1,411,000
£709,000
£305,216
Average value of
each bursary
- £
Number of awards of
50% of the fee or more
AV E R AG E VA L U E O F B U R S A R I E S
AWA R D E D (£ )
07/08
3 5 10
2015/16
years ago
years ago
years ago
- as a % of the school fee
708,375
10/11
422,360
620,123
09/10
07/08
08/09
367,655
1,311,050
TOTA L VA L U E O F B U R S A R I E S
AWA R D E D (£ ’ 0 0 0 )
08/09
fee awards totalling £2,431,000, representing more
than 10% of gross fee income. The start of the new
academic year saw the number of pupils on bursaries
rise to 125, including 31 to new men joining Junior
Part and six direct into Sixth Book. Demand from
those coming in 2016 and 2017 remains strong.
The growth in both the number and value of
bursaries awarded over recent years is remarkable
and reflects the School’s success in spreading
the word that bursaries are available:
11/12
51
50
10/11
41
09/10
38
07/08
08/09
50 76
86
102
N U M B E R O F B OY S
RECEIVING BURSARIES
£23,480
£18,560
£14,168
£8,977
66%
57%
47%
38%
88
51
27
8
The School’s own analysis shows that pupils receiving
bursary support play a full part in the life of the
School, both academically and more widely. With
that success comes the responsibility to ensure that
the School can properly fund those commitments to
its pupils and their parents. At present, the Bursary
Fund is far from sufficient to meet the demand. It
currently stands at £11,528,000 and generates a
welcome £343,000 of income each year, which was
supplemented by £143,000 of annual giving this year.
The discrepancy with what is already being spent is
clear and the current rate of increase is unsustainable.
The School cannot safely do more until the Bursary
Fund becomes larger and in the meantime has made
changes to its admissions procedures to allow it to
prioritise the awards it makes. Barton Farm and other
investments will play their part over time but they
will not remove the continuing need for fundraising.
The Wykeham Journal 2015 11